Nearly 40% of corporate profits are taxed below a 15% effective rate, mostly in high-tax jurisdictions where accelerated depreciation, allowances for corporate equity and preferential treatment of acquired software drive down rates, the OECD said Tuesday in a working paper and a report.
Most Low-Taxed Profits Found In High-Tax Places, OECD Says
by usoftax_admin | Nov 21, 2023 | Tax News